Treasurer of Australia
Encyclopedia
The Treasurer of Australia is the minister
Minister (government)
A minister is a politician who holds significant public office in a national or regional government. Senior ministers are members of the cabinet....

 in the Government of Australia
Government of Australia
The Commonwealth of Australia is a federal constitutional monarchy under a parliamentary democracy. The Commonwealth of Australia was formed in 1901 as a result of an agreement among six self-governing British colonies, which became the six states...

 responsible for government expenditure and revenue raising. He is the head of the Department of the Treasury
Department of the Treasury (Australia)
The Department of the Treasury is an Australian Government department. Its role is to focus and develop economic policy.-History:The Commonwealth Treasury was established in Melbourne in January 1901....

. The Treasurer plays a key role in the economic policy of the government. By strong Constitutional convention, the Treasurer is always a member of the Parliament of Australia
Parliament of Australia
The Parliament of Australia, also known as the Commonwealth Parliament or Federal Parliament, is the legislative branch of the government of Australia. It is bicameral, largely modelled in the Westminster tradition, but with some influences from the United States Congress...

 with a seat in the House of Representatives
Australian House of Representatives
The House of Representatives is one of the two houses of the Parliament of Australia; it is the lower house; the upper house is the Senate. Members of Parliament serve for terms of approximately three years....

. In some other countries the equivalent role is the Minister for Finance, although Australia has a separate office of that name responsible for regulating government spending.
Each year in May, the Treasurer presents the Federal Budget
Federal Budget (Australia)
The Australian Federal Budget is a document that demonstrates the Australian Government's planned financial performance, and the framework it intends to conduct its operations in the following financial year...

 to the Parliament. The Treasurer is a very senior government post; traditionally, the holder of this office is the Deputy Prime Minister
Deputy Prime Minister of Australia
The Deputy Prime Minister of the Commonwealth of Australia is the second-most senior officer in the Government of Australia. The Deputy Prime Ministership has been a ministerial portfolio since 1968, and the Deputy Prime Minister is appointed by the Governor-General on the advice of the Prime...

 or in the case of the Liberal/National coalition, the deputy leader of the dominant political party
Political party
A political party is a political organization that typically seeks to influence government policy, usually by nominating their own candidates and trying to seat them in political office. Parties participate in electoral campaigns, educational outreach or protest actions...

 holding government. Being Treasurer is often seen by the Canberra Press Gallery
Canberra Press Gallery
The Canberra Press Gallery, officially called the Federal Parliamentary Press Gallery, is the name given to the approximately 180 journalists and their support staff, including producers, editors and camera crews, who report the workings of the Australian Parliament...

 and the public as a necessary stepping-stone to the Prime Minister
Prime Minister of Australia
The Prime Minister of the Commonwealth of Australia is the highest minister of the Crown, leader of the Cabinet and Head of Her Majesty's Australian Government, holding office on commission from the Governor-General of Australia. The office of Prime Minister is, in practice, the most powerful...

ship; however, only six Prime Ministers have served as Treasurer before ascending to higher office.

Wayne Swan
Wayne Swan
Wayne Maxwell Swan is the Deputy Prime Minister of Australia and an Australian politician. He has been an Australian Labor Party member of the Australian House of Representatives from 1993 to 1996, and then re elected in 1998 till today , representing the Division of Lilley, QLD...

 is the current Treasurer of Australia. The immediately preceding Treasurer, Peter Costello
Peter Costello
Peter Howard Costello AC is an Australian politician and lawyer who served as the Treasurer in the Australian government from 1996 to 2007. He is the longest-serving Treasurer in Australian history. Costello was a Member of the Australian House of Representatives from 1990 to 2009, representing...

, held the portfolio for a record term.

List of Australian Treasurers


  • Treasurers Watson, Fisher, Scullin, Lyons, Menzies, Chifley, Whitlam and Hawke were also Prime Minister
    Prime Minister of Australia
    The Prime Minister of the Commonwealth of Australia is the highest minister of the Crown, leader of the Cabinet and Head of Her Majesty's Australian Government, holding office on commission from the Governor-General of Australia. The office of Prime Minister is, in practice, the most powerful...

    during some or all of their period as Treasurer.
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
x
OK